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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$675,907$675,907$1,620,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$944,093$0
Funding fee$3,380$3,380$0
Note rate2.83%2.83%7.18%
Blended rate2.83%5.697%7.42%
1st payment$3,189.99$3,189.99$10,974.44
2nd payment$0.00$6,097.27$0.00
Taxes / mo$385.58$385.58$385.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$324.00
HOA / mo$285.00$285.00$285.00
Total monthly$4,077.24$10,174.50$12,185.69
Cash to close$1,124,093$180,000$180,000